First Horizon Advisors Inc. Acquires 1,836 Shares of Black Knight, Inc. (NYSE:BKI)

First Horizon Advisors Inc. raised its holdings in shares of Black Knight, Inc. (NYSE:BKI) by 5,400.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,870 shares of the company’s stock after purchasing an additional 1,836 shares during the period. First Horizon Advisors Inc.’s holdings in Black Knight were worth $135,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. State Street Corp increased its position in shares of Black Knight by 4.4% during the second quarter. State Street Corp now owns 3,605,550 shares of the company’s stock worth $281,161,000 after purchasing an additional 151,443 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Black Knight by 9.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,131,495 shares of the company’s stock valued at $244,194,000 after acquiring an additional 281,797 shares during the period. DF Dent & Co. Inc. increased its position in shares of Black Knight by 13.9% in the 2nd quarter. DF Dent & Co. Inc. now owns 2,911,374 shares of the company’s stock valued at $227,029,000 after acquiring an additional 354,863 shares during the period. Atlanta Capital Management Co. L L C acquired a new position in shares of Black Knight in the 2nd quarter valued at $185,043,000. Finally, Franklin Resources Inc. increased its position in shares of Black Knight by 3.3% in the 2nd quarter. Franklin Resources Inc. now owns 2,171,219 shares of the company’s stock valued at $169,311,000 after acquiring an additional 69,742 shares during the period. 90.18% of the stock is currently owned by institutional investors and hedge funds.

BKI has been the topic of several research reports. Zacks Investment Research raised Black Knight from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, November 16th. Raymond James upped their target price on Black Knight from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday, November 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Black Knight has an average rating of “Buy” and an average price target of $93.40.

BKI stock opened at $74.80 on Friday. The company’s 50-day simple moving average is $77.47 and its 200-day simple moving average is $76.04. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.09. Black Knight, Inc. has a 52-week low of $68.60 and a 52-week high of $87.78. The firm has a market cap of $11.62 billion, a P/E ratio of 60.32, a PEG ratio of 2.55 and a beta of 0.72.

Black Knight (NYSE:BKI) last posted its earnings results on Sunday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Black Knight had a net margin of 13.58% and a return on equity of 12.92%. The business had revenue of $378.00 million for the quarter, compared to analyst estimates of $370.63 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts anticipate that Black Knight, Inc. will post 2.11 earnings per share for the current fiscal year.

Black Knight Company Profile

Black Knight, Inc engages in the provision of integrated software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services.

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Institutional Ownership by Quarter for Black Knight (NYSE:BKI)

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